GSI Technology (NASDAQ:GSIT) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

GSI Technology, Inc. (NASDAQ:GSIT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.26 and traded as high as $9.39. GSI Technology shares last traded at $8.76, with a volume of 2,245,847 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GSI Technology in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, GSI Technology presently has a consensus rating of “Sell”.

GSI Technology Trading Down 9.7%

The company has a market capitalization of $254.84 million, a price-to-earnings ratio of -16.22 and a beta of 1.20. The firm’s 50 day simple moving average is $5.53 and its 200-day simple moving average is $4.26.

GSI Technology (NASDAQ:GSIT) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $6.44 million during the quarter. GSI Technology had a negative net margin of 62.96% and a negative return on equity of 43.27%. GSI Technology has set its Q3 2026 guidance at EPS.

Hedge Funds Weigh In On GSI Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its stake in shares of GSI Technology by 52.1% during the 2nd quarter. Osaic Holdings Inc. now owns 12,012 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 4,112 shares during the period. Bank of America Corp DE grew its stake in shares of GSI Technology by 8,247.6% during the 2nd quarter. Bank of America Corp DE now owns 13,690 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 13,526 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in GSI Technology during the second quarter worth about $55,000. U.S. Capital Wealth Advisors LLC acquired a new position in GSI Technology during the second quarter worth about $55,000. Finally, Essex Investment Management Co. LLC acquired a new position in GSI Technology during the first quarter worth about $69,000. 33.15% of the stock is owned by institutional investors and hedge funds.

About GSI Technology

GSI Technology, Inc designs, develops, and markets semiconductor memory solutions to networking, industrial, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which are focuses on applications using similarity search in visual search queries for ecommerce, computer vision, drug discovery, cyber security, and service markets.